EV Traction Motor Market - Forecast(2023 - 2028)

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EV Traction Motor Market Forecast(2023 - 2028)
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• The global EV Traction Motor Market size is
  forecast to reach 38.2 billion by 2027, growing
  at a CAGR of 10.1 from 2022 to 2027. Globally,
  growing demand for EV traction asynchronous
  motors for propulsion of a vehicle such
  as locomotives, hybrid electric
  vehicles, elevators or electric multiple unit is
  set to drive the EV Traction Motor Market.
• Furthermore, increasing use of switched
  reluctance motor (SRM) by many automotive
  companies around the world for the automotive
  traction applications in EV(Electric Vehicle) and
  HEV(Hybrid electric vehicle) can be another
  factor contributing to the market growth.

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• Key Takeaways
• Battery Electric Vehicles segment is anticipated
  to witness significant market growth 12.8 during
  the forecast period 2022-2027, owing to factors
  such as government initiatives and programs that
  encourage the use of sustainable mobility
  solutions in order to lower pollution levels from
  vehicles.
• High voltage rating is anticipated to witness
  significant amount of growth with CAGR of
  11.5 during the forecast period 2022-2027, owing
  to increasing demand for efficiency in hybrid
  electric vehicles.

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• By Distribution Channel- Segment Analysis
• By vehicle type, EV Traction Motor market is
  segmented into Battery Electric Vehicles, Plug-In
  Hybrid Vehicles, Others. Battery Electric
  Vehicles segment is anticipated to witness
  significant market growth 12.8 during the
  forecast period 2022-2027.
• In April 2021, for instance, the French
  government launched a proposal to provide people
  with 3209.2 for e-bikes and 1925.5 for
  e-bicycles in return for old bikes and bicycles.

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• EV Traction Motor Market
• Magnetic Systems Technology
• Copper Rotor Induction Motor
• Robert Bosch GmbH
• RETORQ Motors Ltd.
• SERVAX
• AVID Technology Limited
• Hitachi Automotive Systems Americas, Inc.
• Zytek Group Limited
• Equipmake Ltd.
• ABB Limited
• CG Power Industrial Solutions

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13/ev-traction-motor-market.html
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• Analyst Briefing
• Data Tables
• Key Contacts
• Free Customization
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  19313

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For More Details Contact Venkat
Reddy Contact (1) 970-236-3677 Email
sales_at_industryarc.com Connect with us on LinkedIn
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